512 Shares in MetLife, Inc. (NYSE:MET) Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in shares of MetLife, Inc. (NYSE:MET) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 512 shares of the financial services provider’s stock, valued at approximately $34,000.

Other institutional investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new position in MetLife in the 3rd quarter valued at $28,000. Planned Solutions Inc. acquired a new position in MetLife in the 4th quarter valued at $28,000. Headlands Technologies LLC acquired a new position in MetLife in the 3rd quarter valued at $36,000. WASHINGTON TRUST Co acquired a new position in MetLife in the 4th quarter valued at $41,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in MetLife in the 4th quarter valued at $42,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MET. Wells Fargo & Company upped their price objective on MetLife from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group dropped their price objective on MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a report on Monday, February 5th. Morgan Stanley upped their price target on shares of MetLife from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Piper Sandler upped their price target on shares of MetLife from $74.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, The Goldman Sachs Group raised shares of MetLife from a “neutral” rating to a “buy” rating and upped their price target for the stock from $70.00 to $80.00 in a research report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.23.

Insider Activity

In other news, insider Ramy Tadros sold 4,026 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total value of $289,469.40. Following the sale, the insider now owns 146,981 shares in the company, valued at approximately $10,567,933.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Ramy Tadros sold 4,026 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total value of $289,469.40. Following the sale, the insider now owns 146,981 shares in the company, valued at approximately $10,567,933.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bill Pappas sold 27,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $72.27, for a total transaction of $1,951,290.00. Following the completion of the sale, the executive vice president now owns 57,768 shares in the company, valued at approximately $4,174,893.36. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

MetLife Stock Performance

NYSE:MET opened at $72.23 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a 50-day moving average of $71.28 and a two-hundred day moving average of $67.02. The stock has a market cap of $52.22 billion, a P/E ratio of 39.47, a PEG ratio of 0.53 and a beta of 1.04. MetLife, Inc. has a 1-year low of $48.95 and a 1-year high of $74.68.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The firm had revenue of $18.72 billion during the quarter, compared to analysts’ expectations of $18.07 billion. MetLife had a net margin of 2.36% and a return on equity of 19.48%. On average, research analysts expect that MetLife, Inc. will post 8.71 earnings per share for the current fiscal year.

MetLife Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 7th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.02%. This is a positive change from MetLife’s previous quarterly dividend of $0.52. MetLife’s dividend payout ratio is 113.66%.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.